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Published on 2/21/2017 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $4.96 million PLUS linked to S&P 500 index

By Marisa Wong

Morgantown, W.Va., Feb. 21 – Credit Suisse AG, London Branch priced $4.96 million of 0% Performance Leveraged Upside Securities due June 5, 2018 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum payment of $11.32 per PLUS.

Investors will be fully exposed to any index decline.

Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Wealth Management handling distribution.

Issuer:Credit Suisse AG, London Branch
Issue:Performance Leveraged Upside Securities
Underlying index:S&P 500
Amount:$4,959,490
Maturity:June 5, 2018
Coupon:0%
Price:Par of $10
Payout at maturity:If index return is positive, par plus 300% of index return, subject to payment of $11.32 per PLUS; full exposure to losses
Initial level:2,349.25
Pricing date:Feb. 15
Settlement date:Feb. 21
Agent:Credit Suisse Securities (USA) LLC with Morgan Stanley Wealth Management handling distribution
Fees:2.25%
Cusip:22549A307

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